Clear Trail Advisors LLC reduced its stake in Marathon Petroleum Corporation (NYSE:MPC – Free Report) by 5.5% during the 1st quarter, Holdings Channel reports. The firm owned 47,342 shares of the oil and gas company’s stock after selling 2,735 shares during the period. Marathon Petroleum makes up 1.9% of Clear Trail Advisors LLC’s holdings, making the stock its 19th biggest holding. Clear Trail Advisors LLC’s holdings in Marathon Petroleum were worth $11,560,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in Marathon Petroleum by 30.9% during the fourth quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock worth $696,000 after buying an additional 1,178 shares during the last quarter. Woodline Partners LP increased its stake in Marathon Petroleum by 38.3% in the first quarter. Woodline Partners LP now owns 26,697 shares of the oil and gas company’s stock valued at $3,889,000 after purchasing an additional 7,396 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in Marathon Petroleum by 26.6% in the second quarter. Sivia Capital Partners LLC now owns 2,221 shares of the oil and gas company’s stock worth $369,000 after purchasing an additional 466 shares during the period. Marshall Wace LLP acquired a new position in shares of Marathon Petroleum in the 2nd quarter valued at $8,505,000. Finally, AXA S.A. lifted its holdings in Marathon Petroleum by 46.7% during the second quarter. AXA S.A. now owns 39,675 shares of the oil and gas company’s stock worth $6,590,000 after acquiring an additional 12,639 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.
Insider Activity
In related news, VP Michael A. Henschen II sold 6,336 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the sale, the vice president owned 16,900 shares in the company, valued at approximately $4,543,058. This represents a 27.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.17% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on Marathon Petroleum
Marathon Petroleum Trading Up 1.7%
NYSE:MPC opened at $247.13 on Tuesday. The company has a market cap of $72.15 billion, a P/E ratio of 16.13, a price-to-earnings-growth ratio of 0.37 and a beta of 0.52. Marathon Petroleum Corporation has a twelve month low of $158.00 and a twelve month high of $272.46. The business has a 50 day moving average price of $245.65 and a two-hundred day moving average price of $214.83. The company has a quick ratio of 0.73, a current ratio of 1.18 and a debt-to-equity ratio of 1.31.
Marathon Petroleum (NYSE:MPC – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.91. Marathon Petroleum had a net margin of 3.36% and a return on equity of 16.22%. The company had revenue of $34.20 billion for the quarter, compared to the consensus estimate of $33.42 billion. During the same period last year, the company earned ($0.24) earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year. As a group, analysts expect that Marathon Petroleum Corporation will post 31.35 EPS for the current fiscal year.
Marathon Petroleum Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were given a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.6%. Marathon Petroleum’s payout ratio is currently 26.11%.
Marathon Petroleum Company Profile
Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.
Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.
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